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mccall is the president of penn financial group. he jones us now live. how serious is this? >> it is extremely serious, gregg. we're seeing numbers backdating going back to november. what we haven't seen yet, we won't see until january the effect of the uncertainty of fiscal cliff and potential of falling off the fiscal cliff will have on the economy and have on consumers and potentially lead us back into as you mentioned what a lot of economists believe, another recession. gregg: what happens when fourth quarter earnings come out? >> nobody is really talking about this. companies, fourth quarter ends in a few days from now. we haven't had many warnings come from companies but when you see consumer confidence falling, mastercard came out with their numbers on holiday sales only increasing .7%. well below estimates and historical averages and consumer is 70% of the economy we'll see a wave of corporations come out earnings in middle of january, end of january, come out much lower than expectations. as senator corker talked about today, the markets have held up very well thro
of sexual abuse. former penn state assistant coach jerry sandusky sentenced to at least 30 years behind bars for sexually abusing young boys. the late -- [inaudible] of the bbc accused of abusing girls he helped with his tv show, and the secret service gone wild as a dozen agents are implicated for hiring prostitutes during a presidential trip to colombia. a difficult year for business leaders as well. >> we made a mistake, i'm absolutely responsible -- in the chief executive of barclays steps down after allegedly manipulating interest rates. and a yahoo ceo resigning for falsifying academic credentials. but what could be more scandalous than the world of politics? jesse jackson jr. goes mia for several months, it's later discovered he's receiving treatment for bipolar depression. federal authorities are looking into whether jackson jr. was skimming campaign funds to remodel his house. the congressman later resigned. a beleaguered gsa accused of wasting your tax dollars, this worker raps about how he dreams of being the commissioner and wasting the government's money on cash bonuses to his f
Search Results 0 to 1 of about 2